PW Eagle of Minneapolis has acquired all of the stock of Uponor ETI Co., a subsidiary of Uponor Oyj, a Finnish company. Uponor ETI's name will be changed to Extrusion Technologies, Inc. (ETI), and operated as a wholly-owned subsidiary of PW Eagle.

ETI produces approximately 200 million pounds annually of PVC pipe ranging from 4-36 inch diameter for municipal applications. ETI had 2002 sales of $89 million and net income of $7.4 million.

The purchase price of ETI was $22 million paid at closing, subject to a working capital adjustment to be determined in the near future, and royalties to be paid by ETI of $8 million to $12 million over the next eight years, based on net sales.

According to KWD-globalpipe (, Uponor's strategic aim is to become less exposed to municipal and commodity markets and strengthen its presence in heating and plumbing markets.